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    2302 Military Dr San Antonio, TX 78223-3585

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    2302 Military Dr San Antonio, TX 78223-3585

    View on Map
    • Strip malls
    • 11,200 SF
    • 0.93 lot acres
    Off-Market
    Property ID
    US82-0221529
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Robert B. Blumer, MD / Physician
    • Little Spurs Pediatric Urgent Care / Medical Clinic
    • Dylis Solutions / Occupational Health Service
    • Brooks Pediatric Dentistry and Orthodontics / Dental Office
    • Dr. Joanna Ayala / Dental Office

    Property Details for 2302 Military Dr

    Year built
    2019
    Lot size
    0.93 lot acres
    Property size
    11,200 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    10921-000-0020
    APU
    109210000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $662,000
      Market price range: $338k - $662k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $475,000
      Current use
      MEDICAL BUILDING
      $925,000
      Change: +94% Conversion: Difficult
      WAREHOUSE, STORAGE
      $920,000
      Change: +92% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Antonio
    County
    Bexar
    State
    Texas
    Longitude
    -98.4576
    Latitude
    29.3514
    CBSA code
    41700
    CBSA name
    SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $139,347
    $585,060
    $5,004,940
    $5,590,000
    -
    $585,060
    $5,004,940
    $5,590,000

    Comparable in this City

    • Value Estimation
      $715,000
      19,894 SF

      2603 Military Dr

      SHOPPING CENTER, STRIP CENTER • 19,894 SF
      2603 Military Dr, San Antonio, TX 78223-4312
      View Details
    • Value Estimation
      $1,210,000
      60,759 SF

      3524 New Braunfels Ave

      SHOPPING CENTER, STRIP CENTER • 60,759 SF
      3524 New Braunfels Ave, San Antonio, TX 78223-1447
      View Details
    • Value Estimation by Request
      2,250 SF

      3304 Clark Ave

      SHOPPING CENTER, STRIP CENTER • 2,250 SF
      3304 Clark Ave, San Antonio, TX 78223-1500
      View Details
    • Value Estimation
      $700,000
      22,530 SF

      1327 Fair Ave

      SHOPPING CENTER, STRIP CENTER • 22,530 SF
      1327 Fair Ave, San Antonio, TX 78223-1437
      View Details
    • Value Estimation by Request
      9,580 SF

      2527 Goliad Rd

      SHOPPING CENTER, STRIP CENTER • 9,580 SF
      2527 Goliad Rd, San Antonio, TX 78223-3807
      View Details
    • Value Estimation by Request
      6,390 SF

      6206 Pecan Vly Dr

      SHOPPING CENTER, STRIP CENTER • 6,390 SF
      6206 Pecan Vly Dr, San Antonio, TX 78223-3227
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,300 SF

      Restaurant Space in Pecan Valley

      Second-generation restaurant space in a redeveloped shopping center.
      6103 Pecan Valley Dr, San Antonio, TX 78223
      View Details
    • $1,545,000

      Prime Corner Retail Development Site

      1.67-acre corner lot ideal for retail or service use.
      12020 S Us Highway 181 U.S, San Antonio, TX 78223
      View Details
    • Contact for pricing
      14,600 SF

      Retail Space For Sale

      14,600 SqFt retail space with 7.00% CAP rate.
      2920 E Southcross Blvd, San Antonio, TX 78223
      View Details
    • Contact for pricing
      60,112 SF

      Prime Development Opportunity Near Loop

      Commercial land with frontage on HWY 181 S.
      51 County Road 150, San Antonio, TX 78223
      View Details
    • Contact for pricing

      Prime Development Land Opportunity

      1.38 acres with frontage on Hwy 181 S.
      51 County Road 150, San Antonio, TX 78223
      View Details
    • $500,000

      Retail Property Near Mission Trails

      Retail property near Mission Trails and Hot Wells Hotel.
      5702 S Presa St, San Antonio, TX 78223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,175 SF

      Retail Space in High-Traffic Center

      2,175 SF retail space in a 22,530 SF center.
      1327 Fair Ave, San Antonio, TX 78223
      View Details
    • Contact for pricing
      3 SF

      San Antonio Shopping Center Space

      Retail space available near McCreless Market and I-37.
      S New Braunfels Ave, San Antonio, TX 78223
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space with Excellent Visibility

      Retail space offering high visibility and multiple access points.
      2230 SE Military Dr, San Antonio, TX 78223
      View Details
    • Contact for pricing
      3,797 SF

      Retail Space Available for Lease

      Retail space available in a shopping center with major retailers.
      3127-3143 SE Military Dr, San Antonio, TX 78223
      View Details
    • Contact for pricing

      H-E-B Anchored Shopping Center

      Retail spaces available in high-traffic shopping center.
      4130 S New Braunfels Ave, San Antonio, TX 78223
      View Details
    • Contact for pricing

      Retail Center at City Base

      Neighborhood retail center with high visibility and easy access.
      2535 SE Military Dr, San Antonio, TX 78223
      View Details
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    San Antonio, TX 78223-3585
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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